Nuclear focus fusion power put on the record at an Australian Senate committee hearing by @ACTpeakoil 20 years ago. @lppfusion net energy breakthrough is now imminent. https://t.co/4IWm72lj1u
🚨 This @AlboMP government is running a straight-up TAX SCAM on Australian investors.
Buried in their budget bill is a sneaky “loss-ordering” trap that forces you to waste your oldest CGT-discounted gains FIRST — leaving newer gains fully exposed to their brutal new indexation rules from 2027.
Deliberate. Greedy. A betrayal of every mum & dad investor trying to build wealth.
Absolute rort by a desperate, cash-grabbing regime. This must be stopped #AusPol #TaxScam
⚠️Australia must prepare for $4+ diesel and fuel scarcities within weeks.
Singapore’s PM Lawrence Wong drops some serious truth bombs on the imminent fuel and food crisis. 👇👇
Singapore is a large exporter of refined fuels to Australia.
India’s PM Modi and South Koreas President Lee Jae-myung have said same in recent weeks.
Singapire, South Korea, and India account for 60% of Australia’s imported refined petroleum products.
When faced with domestic scarcities do you think they will continue to export our way?
In 2013, a retired Air Vice-Marshal named John Blackburn wrote a report for the NRMA warning that Australia had adopted a “she’ll be right” approach to fuel security.
He warned that a conflict in the Middle East would disrupt supply chains and leave Australia exposed within weeks.
He warned that without adequate liquid fuel, food production and distribution would be severely curtailed, most businesses could not operate, and our Defence Forces could not function
He warned that Australia was the only IEA member noncompliant on the 90 day reserve requirement, and that actual usable supply was closer to 23 days.
He warned, specifically, that Singapore refineries sourcing crude from the Middle East were a critical vulnerability in Australia’s supply chain.
That was 2013. 12 years ago.
This week, an entire town in Victoria ran out of fuel. Farmers have idle tractors mid planting. NSW declared an energy supply emergency. The government is now scrambling to build a fuel taskforce that Blackburn said we needed over a decade ago.
“You can have the best military in the world,” he said, “but it’s futile if you can’t fuel it.”
Nobody listened.
BREAKING: Albanese to recall cabinet
The stated intent is to address the fuel emergency for the “supply” issue we “don’t have”
If there is a “National Liquid Fuel Emergency” declaration, this will be the most important video you can watch
https://t.co/omwx3gvJ3y
Oz "imports virtually all its urea, [2/3rds] from the Gulf. Its entire heavy freight network runs on AdBlue, which is 32.5 percent high-purity urea. No urea, no AdBlue, no freight movement, no groceries delivered. A Gulf drone dictates whether Sydney supermarkets stock shelves."
This is real folks - Service Stations are shut. Regional Australia is quietly grinding to a halt.
I’m heading to the Great Outback visiting industry across Queensland. I’ve just reached Tenterfield — and they’re out of fuel.
@AUKUSforum
https://t.co/c4qUdV5eX2
“Transwest Fuels, based in Tamworth, services Brisbane, Newcastle and Sydney and employs about 100 staff. It services more than 2000 farmers and agricultural customers across NSW and Queensland.
A Transwest Fuels spokesman told NewsWire that Toowoomba, Newcastle and Tamworth were all affected by the fuel shortages.
“We currently have zero petrol supply at Newcastle or Brisbane,” he said.
“This means that once our servos run out of petrol, that’s it. No more.”
The spokesman said he was turned away from Brisbane when trying to access more petrol for regional areas.”
••••••••••••••••••••
Oil almost reached $US120 today, almost double the price before the war, and it’s only the start. There’s only one thing worse than expensive fuel, and that’s no fuel.
Australia like most other Western countries will see their economies along with millions of livelihoods destroyed if this war continues.
As the old saying goes, everyone has a plan until they are punched in the face.
Whilst it’s all good and well complaining about what we should have done re offshoring our manufacturing and refineries, the fact is the world needs cool heads right now to bring this war to an end.
All war is a failure of diplomacy. Machiavelli in his political masterpiece “The Prince” said standing armies are no way to conquer a country - wars of occupation never succeed.
Political leaders from all sides need to be calling for greater diplomacy not destruction, before they cause irreparable damage to our prosperity and freedoms.
Dave: So you are one of the largest producers of energy in the world?
Australia: Yes Dave.
D: But you only have enough refining capacity for 20% of your daily fuel needs?
A: Yes Dave.
D: And you rely heavily on fuel imports from nations that overwhelmingly don't have oil production of their own to meet their own needs, making you even more vulnerable to global supply shocks?
A: Yes Dave.
Who signed the agreement that Australia's 90-day oil reserves should be shifted to the USA?
Angus Taylor.
That's why we're running out now.
https://t.co/XqXoSLIlRI